2013 Q4 Form 10-K Financial Statement

#000110465914013620 Filed on February 26, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $1.756B $6.670B $1.728B
YoY Change 1.62% 7.78% 17.02%
Cost Of Revenue $1.630B $6.202B $1.587B
YoY Change 2.76% 10.19% 16.64%
Gross Profit $125.6M $468.8M $141.4M
YoY Change -11.17% -16.43% 21.41%
Gross Profit Margin 7.15% 7.03% 8.18%
Selling, General & Admin $71.50M $264.0M $70.90M
YoY Change 0.85% 5.01% 43.3%
% of Gross Profit 56.93% 56.3% 50.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.90M $93.08M $22.70M
YoY Change 0.88% 3.17% 15.23%
% of Gross Profit 18.23% 19.85% 16.05%
Operating Expenses $71.50M $264.0M $70.90M
YoY Change 0.85% 5.01% 43.3%
Operating Profit $54.10M $204.9M $70.50M
YoY Change -23.26% -33.84% 5.24%
Interest Expense $19.50M $11.42M $18.00M
YoY Change 8.33% 3.38% 1586.97%
% of Operating Profit 36.04% 5.58% 25.53%
Other Income/Expense, Net $400.0K $34.35M $600.0K
YoY Change -33.33% -39.86% -103.74%
Pretax Income $74.10M $239.2M $89.10M
YoY Change -16.84% -34.78% 74.9%
Income Tax -$3.600M $32.45M $12.80M
% Of Pretax Income -4.86% 13.57% 14.37%
Net Earnings $77.30M $206.8M $75.60M
YoY Change 2.25% -26.83% 115.45%
Net Earnings / Revenue 4.4% 3.1% 4.38%
Basic Earnings Per Share $171.90
Diluted Earnings Per Share $64.42M $171.0M $63.00M
COMMON SHARES
Basic Shares Outstanding 1.191M shares 1.194M shares 1.200M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $345.7M $345.7M $361.0M
YoY Change -4.24% -4.24% 2.82%
Cash & Equivalents $55.06M $55.10M $47.65M
Short-Term Investments $290.6M $290.6M $313.4M
Other Short-Term Assets $134.4M $157.8M $118.4M
YoY Change 13.52% 10.35% 28.78%
Inventory $699.0M $699.0M $756.9M
Prepaid Expenses
Receivables $551.8M $551.8M $479.2M
Other Receivables $99.60M $99.60M $42.70M
Total Short-Term Assets $1.854B $1.854B $1.783B
YoY Change 3.99% 3.99% 9.24%
LONG-TERM ASSETS
Property, Plant & Equipment $863.6M $863.6M $843.9M
YoY Change 2.33% 2.33% 5.91%
Goodwill $43.22M $43.22M
YoY Change 0.0% 6.37%
Intangibles $19.00M $19.84M
YoY Change -4.26% 1.78%
Long-Term Investments $406.9M $406.9M $410.5M
YoY Change -0.88% -0.88% 16.22%
Other Assets $51.03M $51.00M $44.61M
YoY Change 14.39% 14.35% 6.21%
Total Long-Term Assets $1.564B $1.564B $1.565B
YoY Change -0.06% -0.06% 13.85%
TOTAL ASSETS
Total Short-Term Assets $1.854B $1.854B $1.783B
Total Long-Term Assets $1.564B $1.564B $1.565B
Total Assets $3.418B $3.418B $3.348B
YoY Change 2.1% 2.1% 11.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.2M $200.2M $205.1M
YoY Change -2.38% -7.74% 35.07%
Accrued Expenses $206.1M $206.1M $327.7M
YoY Change -37.11% -37.11% 10.9%
Deferred Revenue
YoY Change
Short-Term Debt $67.70M $67.70M $28.80M
YoY Change 135.07% 135.07% -72.31%
Long-Term Debt Due $11.70M $11.70M $25.10M
YoY Change -53.39% -53.39% -31.61%
Total Short-Term Liabilities $615.3M $615.3M $676.6M
YoY Change -9.05% -9.06% 20.51%
LONG-TERM LIABILITIES
Long-Term Debt $80.50M $80.50M $120.8M
YoY Change -33.36% -33.36% 2.03%
Other Long-Term Liabilities $168.9M $168.9M $80.43M
YoY Change 110.05% -18.92% 5.12%
Total Long-Term Liabilities $322.8M $249.4M $363.0M
YoY Change -11.09% -24.22% -0.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $615.3M $615.3M $676.6M
Total Long-Term Liabilities $322.8M $249.4M $363.0M
Total Liabilities $938.1M $942.8M $1.040B
YoY Change -9.76% -9.62% 12.11%
SHAREHOLDERS EQUITY
Retained Earnings $2.656B $2.475B
YoY Change 7.31% 10.79%
Common Stock $1.189M $1.198M
YoY Change -0.75% -1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.475B $2.475B $2.305B
YoY Change
Total Liabilities & Shareholders Equity $3.418B $3.418B $3.348B
YoY Change 2.1% 2.1% 11.34%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $77.30M $206.8M $75.60M
YoY Change 2.25% -26.83% 115.45%
Depreciation, Depletion And Amortization $22.90M $93.08M $22.70M
YoY Change 0.88% 3.17% 15.23%
Cash From Operating Activities $120.0M $125.0M $128.7M
YoY Change -6.76% -52.24% 356.38%
INVESTING ACTIVITIES
Capital Expenditures -$38.80M $149.7M -$46.60M
YoY Change -16.74% -5.73% -36.86%
Acquisitions
YoY Change
Other Investing Activities -$40.00M $291.0K -$29.60M
YoY Change 35.14% -134.28% 13.85%
Cash From Investing Activities -$78.60M -$78.00M -$76.20M
YoY Change 3.15% -67.68% -23.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.58M
YoY Change -12.12%
Debt Paid & Issued, Net $53.76M
YoY Change 22.32%
Cash From Financing Activities -16.40M -37.70M -59.00M
YoY Change -72.2% -11.29% -203.33%
NET CHANGE
Cash From Operating Activities 120.0M 125.0M 128.7M
Cash From Investing Activities -78.60M -78.00M -76.20M
Cash From Financing Activities -16.40M -37.70M -59.00M
Net Change In Cash 25.00M 9.300M -6.500M
YoY Change -484.62% -142.08% -55.17%
FREE CASH FLOW
Cash From Operating Activities $120.0M $125.0M $128.7M
Capital Expenditures -$38.80M $149.7M -$46.60M
Free Cash Flow $158.8M -$24.65M $175.3M
YoY Change -9.41% -123.95% 71.86%

Facts In Submission

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
366778000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
442608000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
68928000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
79069000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
31149000 USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15318000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
73401000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6507000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6549000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-16818000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-935000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4641000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
84190000 USD
CY2012 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-9197000 USD
CY2012 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
74993000 USD
CY2011 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
86447000 USD
CY2013Q4 seb Accounts Receivable Trade Due From Parties And Other Receivable Current
AccountsReceivableTradeDueFromPartiesAndOtherReceivableCurrent
664236000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
108000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-232000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1761000 USD
CY2013Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
60456000 USD
CY2012Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
8046000 USD
CY2013Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2974000 USD
CY2012Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
14381000 USD
CY2013Q4 seb Deferred Tax Liabilities Cash Basis Farming Adjustment
DeferredTaxLiabilitiesCashBasisFarmingAdjustment
9983000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
114519000 USD
CY2013Q4 seb Deferred Tax Liabilities Inventory Costs
DeferredTaxLiabilitiesInventoryCosts
17212000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3970000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
145684000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
53207000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
14933000 USD
CY2013Q4 seb Deferred Tax Assets Deferred Income Foreign Earnings
DeferredTaxAssetsDeferredIncomeForeignEarnings
24266000 USD
CY2013Q4 seb Deferred Tax Assets Net Operating And Capital Loss Carryforwards
DeferredTaxAssetsNetOperatingAndCapitalLossCarryforwards
17725000 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3535000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
113666000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17869000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-49887000 USD
CY2012Q4 seb Deferred Tax Liabilities Cash Basis Farming Adjustment
DeferredTaxLiabilitiesCashBasisFarmingAdjustment
10413000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
108083000 USD
CY2012Q4 seb Deferred Tax Liabilities Inventory Costs
DeferredTaxLiabilitiesInventoryCosts
7012000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3770000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
129278000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
87836000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
12813000 USD
CY2012Q4 seb Deferred Tax Assets Deferred Income Foreign Earnings
DeferredTaxAssetsDeferredIncomeForeignEarnings
17851000 USD
CY2012Q4 seb Deferred Tax Assets Net Operating And Capital Loss Carryforwards
DeferredTaxAssetsNetOperatingAndCapitalLossCarryforwards
11756000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1442000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
131698000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11758000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
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-9338000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
926000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5053000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7301000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2120000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7301000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7898000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5053000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
929000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2300000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
238000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2715000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
422000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1165000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
236000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2224000 USD
CY2013Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
1019122000 USD
CY2012 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
2063000 USD
CY2011 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
16275000 USD
CY2012 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
1.71
CY2011 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
13.40
CY2013Q1 seb Income Taxes Federal Blenders One Time Tax Credit Recognized As Revenue
IncomeTaxesFederalBlendersOneTimeTaxCreditRecognizedAsRevenue
11260000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
106344000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
11697000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
11400000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
11400000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
11400000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
11400000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
34880000 USD
CY2013 seb Debt Instrument Covenant Sum Of Subsidiary Indebtedness And Priority Indebtedness As Percentage Of Net Worth Maximum
DebtInstrumentCovenantSumOfSubsidiaryIndebtednessAndPriorityIndebtednessAsPercentageOfNetWorthMaximum
0.20 pure
CY2013 seb Debt Instrument Covenant Dividend Restriction Maximum Amount
DebtInstrumentCovenantDividendRestrictionMaximumAmount
25000000 USD
CY2013Q4 seb Debt Instrument Covenant Percentage Of Consolidated Net Income Added To Minimum Net Worth Requirement
DebtInstrumentCovenantPercentageOfConsolidatedNetIncomeAddedToMinimumNetWorthRequirement
0.25 pure
CY2013Q4 seb Debt Instrument Covenant Minimum Net Worth Requirement Base Amount
DebtInstrumentCovenantMinimumNetWorthRequirementBaseAmount
1870445000 USD
CY2013 seb Debt Instrument Covenant Adjusted Leverage Ratio Maximum
DebtInstrumentCovenantAdjustedLeverageRatioMaximum
3.5 pure
CY2012Q4 seb Long Term Debt And Other
LongTermDebtAndOther
145963000 USD
CY2013Q4 seb Long Term Debt And Other
LongTermDebtAndOther
92177000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
25138000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
120825000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
11697000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
80480000 USD
CY2013 seb Fair Value Measurement Transfers Into Or Out Of Level1
FairValueMeasurementTransfersIntoOrOutOfLevel1
0 USD
CY2013 seb Fair Value Measurement Transfers Into Or Out Of Level2
FairValueMeasurementTransfersIntoOrOutOfLevel2
0 USD
CY2013 seb Fair Value Measurement Transfers Into Or Out Of Level3
FairValueMeasurementTransfersIntoOrOutOfLevel3
0 USD
CY2012Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
226725000 USD
CY2011Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
204540000 USD
CY2013Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
203263000 USD
CY2012 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-25749000 USD
CY2013 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
30968000 USD
CY2012 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
5872000 USD
CY2012 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
6136000 USD
CY2012 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-3785000 USD
CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
97586000 USD
CY2011Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
91512000 USD
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
119555000 USD
CY2012 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
9426000 USD
CY2013 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
15494000 USD
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
8052000 USD
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
13391000 USD
CY2012 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
5532000 USD
CY2012Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-129139000 USD
CY2013Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-83708000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
9800000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
8101000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
10214000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
11650000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
13776000 USD
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
82275000 USD
CY2012 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
8843000 USD
CY2011 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7550000 USD
CY2013 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
9427000 USD
CY2012 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8918000 USD
CY2011 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8997000 USD
CY2012 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6431000 USD
CY2011 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6598000 USD
CY2012 seb Defined Benefit Plan Amortization And Other Costs
DefinedBenefitPlanAmortizationAndOtherCosts
6748000 USD
CY2011 seb Defined Benefit Plan Amortization And Other Costs
DefinedBenefitPlanAmortizationAndOtherCosts
4027000 USD
CY2012 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
5532000 USD
CY2012 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1134000 USD
CY2012 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
21008000 USD
CY2011 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
13976000 USD
CY2013 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8199000 USD
CY2013 seb Defined Benefit Plan Amortization And Other Costs
DefinedBenefitPlanAmortizationAndOtherCosts
6303000 USD
CY2013 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
14267000 USD
CY2013 seb Defined Benefit Plan Recognized Gain Loss Due To Termination Before Tax
DefinedBenefitPlanRecognizedGainLossDueToTerminationBeforeTax
3204000 USD
CY2012Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-91611000 USD
CY2012Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
72000 USD
CY2012Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
91683000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-38475000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
96000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
38571000 USD
CY2013 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
1900000 USD
CY2011 seb Multiemployer Plan Percentage Of Contributions Maximum
MultiemployerPlanPercentageOfContributionsMaximum
0.05 pure
CY2013 seb Multiemployer Plan Percentage Of Contributions Maximum
MultiemployerPlanPercentageOfContributionsMaximum
0.05 pure
CY2012Q4 seb Common Stock Dividend Portion Serving As Prepayment Of Dividend For Second Succeeding Year
CommonStockDividendPortionServingAsPrepaymentOfDividendForSecondSucceedingYear
3.00
CY2013Q4 seb Deferred Compensation Arrangement Reduction In Employees Compensation In Exchange For Values In Investments Number
DeferredCompensationArrangementReductionInEmployeesCompensationInExchangeForValuesInInvestmentsNumber
4 item
CY2013Q4 seb Deferred Compensation Arrangement Investment Option Plan Number Of Investments Referred To Measure Interest
DeferredCompensationArrangementInvestmentOptionPlanNumberOfInvestmentsReferredToMeasureInterest
3 item
CY2012 seb Multiemployer Plan Percentage Of Contributions Maximum
MultiemployerPlanPercentageOfContributionsMaximum
0.05 pure
CY2013 seb Deferred Compensation Arrangement Employer Contribution As Percentage Of Employees Reduced Compensation
DeferredCompensationArrangementEmployerContributionAsPercentageOfEmployeesReducedCompensation
0.03 pure
CY2013Q4 seb Number Of Deferred Compensation Plans
NumberOfDeferredCompensationPlans
2 item
CY2012 seb Deferred Compensation Arrangement Compensation Expense
DeferredCompensationArrangementCompensationExpense
4148000 USD
CY2011 seb Deferred Compensation Arrangement Compensation Expense
DeferredCompensationArrangementCompensationExpense
-1505000 USD
CY2012Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
32774000 USD
CY2013 seb Deferred Compensation Plan Investment Income Loss Related To Trading Securities
DeferredCompensationPlanInvestmentIncomeLossRelatedToTradingSecurities
5863000 USD
CY2012Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
36988000 USD
CY2012 seb Deferred Compensation Plan Investment Income Loss Related To Trading Securities
DeferredCompensationPlanInvestmentIncomeLossRelatedToTradingSecurities
4076000 USD
CY2013 seb Deferred Compensation Arrangement Compensation Expense
DeferredCompensationArrangementCompensationExpense
5942000 USD
CY2013Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
41144000 USD
CY2013Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
45350000 USD
CY2012Q3 seb Number Of Search Warrants Executed Authorizing Seizure Of Certain Records
NumberOfSearchWarrantsExecutedAuthorizingSeizureOfCertainRecords
3 item
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
143820000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
210338000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
122059000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
53786000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
297618000 USD
CY2013Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1058170000 USD
CY2012Q4 seb Common Stock Dividend Portion Serving As Prepayment Of Dividend For Third Succeeding Year
CommonStockDividendPortionServingAsPrepaymentOfDividendForThirdSucceedingYear
3.00
CY2012Q4 seb Common Stock Dividend Portion Serving As Prepayment Of Dividend For Fourth Succeeding Year
CommonStockDividendPortionServingAsPrepaymentOfDividendForFourthSucceedingYear
3.00
CY2010 seb Common Stock Dividend Portion Serving As Prepayment Of Dividend For Next Succeeding Year
CommonStockDividendPortionServingAsPrepaymentOfDividendForNextSucceedingYear
3.00
CY2013Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
100000000 USD
CY2013 seb Stock Repurchase Program Remaining From Original Authorized Repurchase Amount
StockRepurchaseProgramRemainingFromOriginalAuthorizedRepurchaseAmount
84627000 USD
CY2012 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
12937 shares
CY2011 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
5282 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
8705 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
23578000 USD
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
26830000 USD
CY2011 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
9971000 USD
CY2012Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
12.00
CY2012 seb Common Stock Dividends Historical Amount On Quarterly Basis
CommonStockDividendsHistoricalAmountOnQuarterlyBasis
0.75
CY2012 seb Common Stock Dividends Historical Amount On Annual Basis
CommonStockDividendsHistoricalAmountOnAnnualBasis
3.00
CY2010 seb Common Stock Dividend Portion Serving As Prepayment Of Dividend For Second Succeeding Year
CommonStockDividendPortionServingAsPrepaymentOfDividendForSecondSucceedingYear
3.00
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-156065000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-171544000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-181797000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-14142000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3889000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10253000 USD
CY2012 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1796000 USD
CY2012 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-2930000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1310000 USD
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39 pure
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax
8663000 USD
CY2012Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Loss After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax
21129000 USD
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2013 us-gaap Revenues
Revenues
6670414000 USD
CY2012 us-gaap Revenues
Revenues
6189133000 USD
CY2011 us-gaap Revenues
Revenues
5746902000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
204864000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
309661000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
407204000 USD
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CY2013 dei Entity Registrant Name
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SEABOARD CORP /DE/
CY2013 dei Entity Central Index Key
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0000088121
CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-12-31
CY2013 dei Amendment Flag
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false
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Entity Well Known Seasoned Issuer
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No
CY2013 dei Entity Voluntary Filers
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No
CY2013 dei Entity Current Reporting Status
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Yes
CY2013 dei Entity Filer Category
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Large Accelerated Filer
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784946296 USD
CY2014Q1 dei Entity Common Stock Shares Outstanding
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1187905 shares
CY2013 dei Document Fiscal Year Focus
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2013
CY2013 dei Document Fiscal Period Focus
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4916322000 USD
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10004000 USD
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2121000 USD
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225000 USD
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7945000 USD
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19726000 USD
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21277000 USD
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20825000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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22194000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
22615000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
232419000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
33995000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29224000 USD
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OperatingLeasesRentExpenseNet
25916000 USD
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1954000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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2148000 USD
CY2013 us-gaap Goodwill And Intangible Asset Impairment
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0 USD
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0 item
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6916000 USD
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0 USD
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233758000 USD
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263985000 USD
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InterestExpense
11422000 USD
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InvestmentIncomeInterestIncludingAccretionOrAmortizationOfDiscountOrPremium
17580000 USD
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24695000 USD
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7846000 USD
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ForeignCurrencyTransactionGainLossBeforeTax
77000 USD
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OtherNonoperatingIncomeExpense
5867000 USD
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EarningsPerShareBasic
171.92
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-45956000 USD
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-1751000 USD
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-37454000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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1561000 USD
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1193801 shares
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419598000 USD
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145041000 USD
CY2013Q4 us-gaap Nontrade Receivables Current
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99597000 USD
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12832000 USD
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23449000 USD
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134394000 USD
CY2013Q4 us-gaap Notes Receivable Related Parties Noncurrent
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180386000 USD
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Goodwill
43218000 USD
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51025000 USD
CY2013Q4 us-gaap Short Term Bank Loans And Notes Payable
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67699000 USD
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175916000 USD
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127212000 USD
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49621000 USD
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43953000 USD
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24326000 USD
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2239000 USD
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29248000 USD
CY2013Q4 us-gaap Other Liabilities Current
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83416000 USD
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80918000 USD
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73336000 USD
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88017000 USD
CY2013Q4 us-gaap Common Stock Value
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1189000 USD
CY2013Q4 us-gaap Minority Interest
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4721000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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2655857000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
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4433000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
30233000 USD
CY2013 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11340000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
222000 USD
CY2013 seb Other Noncash Income Expense And Other Items
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-1585000 USD
CY2013 us-gaap Increase Decrease In Receivables
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154036000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35600000 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
12642000 USD
CY2013 seb Increase Decrease In Current Liabilities Exclusive Of Debt Current
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-73210000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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2137000 USD
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
611737000 USD
CY2013 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
625414000 USD
CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
5612000 USD
CY2013 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
39485000 USD
CY2013 seb Payments For Issuance Of Long Term Note Receivable To Affiliate
PaymentsForIssuanceOfLongTermNoteReceivableToAffiliate
17531000 USD
CY2013 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
81397000 USD
CY2013 us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
4357000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
291000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
41092000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
53756000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23578000 USD
CY2013 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
515000 USD
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
225000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-676000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1923000 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
14538000 USD
CY2012Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
11919000 USD
CY2013 seb Period Of Low Income Housing Tax Credits On Investments In Limited Partnerships
PeriodOfLowIncomeHousingTaxCreditsOnInvestmentsInLimitedPartnerships
P10Y
CY2013Q4 seb Proportional Amortization Method Investment
ProportionalAmortizationMethodInvestment
13189000 USD
CY2012Q4 seb Proportional Amortization Method Investment
ProportionalAmortizationMethodInvestment
11426000 USD
CY2013 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
3204000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
41380000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
3412000 USD
CY2013Q4 seb Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
75000000 USD
CY2013 seb Noncontrolling Interest Increase From Business Combination Decrease From Deconsolidation
NoncontrollingInterestIncreaseFromBusinessCombinationDecreaseFromDeconsolidation
-960000 USD
CY2013 seb Income Tax Examination Refund Claim
IncomeTaxExaminationRefundClaim
16523000 USD

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